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MCHP, NVDA And NXPI, Pushing Electronics Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the
Dow Jones Industrial Average (
^DJI) trading up 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.
Microchip Technology (
MCHP) is one of the companies pushing the Electronics industry lower today. As of noon trading, Microchip Technology is down $0.40 (-0.8%) to $46.68 on average volume. Thus far, 731,444 shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $46.40-$47.20 after having opened the day at $47.14 as compared to the previous trading day's close of $47.08.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. Microchip Technology has a market cap of $9.3 billion and is part of the technology sector. Shares are up 5.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates
Microchip Technology as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
Microchip Technology Ratings Report now.